Genworth MI Canada Inc (TSE:MIC) was upgraded by equities research analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research note issued on Thursday. The brokerage currently has a C$46.00 target price on the stock, up from their prior target price of C$43.00. National Bank Financial’s target price indicates a potential upside of 7.08% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. CIBC lifted their target price on Genworth MI Canada from C$43.00 to C$45.00 in a research report on Thursday, August 3rd. TD Securities lifted their target price on Genworth MI Canada from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. BMO Capital Markets reiterated an “outperform” rating and issued a C$43.00 target price on shares of Genworth MI Canada in a research report on Thursday, August 3rd. Scotiabank lifted their target price on Genworth MI Canada from C$37.00 to C$39.00 and gave the company a “sector perform” rating in a research report on Thursday, August 3rd. Finally, Royal Bank Of Canada lifted their target price on Genworth MI Canada from C$38.00 to C$40.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$42.83.

Genworth MI Canada (MIC) traded up C$2.46 during trading on Thursday, reaching C$42.96. The company’s stock had a trading volume of 1,090,000 shares, compared to its average volume of 194,876. Genworth MI Canada has a 1 year low of C$27.54 and a 1 year high of C$44.18.

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In other news, Director Brian Leo Hurley sold 15,100 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of C$35.98, for a total transaction of C$543,298.00. Also, insider Winsor James Macdonell sold 8,400 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of C$38.00, for a total value of C$319,200.00. In the last quarter, insiders sold 32,775 shares of company stock worth $1,206,196.

Genworth MI Canada Company Profile

Genworth MI Canada Inc, through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, operates as a private-sector residential mortgage insurer. The Company provides mortgage default insurance to Canadian residential mortgage lenders. It underwrites mortgage insurance for residential properties in various provinces and territories of Canada.

Analyst Recommendations for Genworth MI Canada (TSE:MIC)

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